Lower Austria ‘invested €40 mn in disgraced Madoff fund’


Lower Austria has invested 40 million Euros in disgraced American Bernard Madoff’s Alpha Prime fund, says a report in today’s (Thurs) Der Standard newspaper.Der Standard said that Fibeg, the provincial investment office, had invested the money with Madoff on 30 June 2008.Madoff, who had been running a giant Ponzi scheme for years, went belly up […]